198
198
Nov 28, 2012
11/12
by
KNTV
tv
eye 198
favorite 0
quote 0
cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence information, talking points where references to al queda had been taken out according to sourc
cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in...
147
147
Nov 26, 2012
11/12
by
KNTV
tv
eye 147
favorite 0
quote 0
we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to this breaking point. do you think that the tax issue has to be solved first before you can get to any defending issues, any of the entitlement issues? >> i think it all has to be on the table. again, i don't want to be said what has to be done first or second. that's for them in the room. but the election is over. president obama won. he won fair and square. we won the house. we won it fair and square. democrats still control the senate. slight edge to the democrats. bottom line, it's over with. let's find a way to get this resolved as much as possible between now and the end
we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at a grand bargain, it was the politics and brinksmanship and it all went nowhere until a final deal that brought us to...
61
61
Nov 21, 2012
11/12
by
FBC
tv
eye 61
favorite 0
quote 0
>>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded everytng they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumerwould be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to ma
>>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening....
812
812
Nov 24, 2012
11/12
by
KQED
tv
eye 812
favorite 0
quote 0
s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happens. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe the people of boeing are working together. to build a better tomorrow. >> that's why we're here. >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when the
s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis....
91
91
Nov 27, 2012
11/12
by
FBC
tv
eye 91
favorite 0
quote 0
the governor of delaware on getting ready for that fiscal cliff. because they were in the past not funny. they are taking computers with an insensitive and permission to have been conference is. it sounds crazy but is completely true. >> with the u.s. capital markets do you have copied at -- editors? >> what are you talking about? >> that was pretty funny. >> this is the agency that as criticism with bernie madoff looking at pornography on the job but it's in pieces are filtering out because there is a major battle going on between the near stock exchange and the sec. as a major computer breach. there are staffers and is one unit in this one department that have laptops that had direct access to the near stock exchange and nasdaq. the entire architect -- architecture for computer systems systems, security systems everything right? but there was a whistle-blower complaint in the ag came out to see that conferences we're going to conferences including the the black hat hacker conference. the sec said they did their examination but they found no evide
the governor of delaware on getting ready for that fiscal cliff. because they were in the past not funny. they are taking computers with an insensitive and permission to have been conference is. it sounds crazy but is completely true. >> with the u.s. capital markets do you have copied at -- editors? >> what are you talking about? >> that was pretty funny. >> this is the agency that as criticism with bernie madoff looking at pornography on the job but it's in pieces are...
93
93
Nov 23, 2012
11/12
by
FBC
tv
eye 93
favorite 0
quote 0
the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other major currencies relative to non major currencies. that is another matter. cheryl: a lot of banks with a lot of money pouring into this market. thank you very much. closing bell going to ring, we have 39 minutes to go. the fed's are hungry. maybe even starving in their quest to take down a hedge fund superstar. charlie gasparino is on the phone and as the latest developments for you. can't afford to miss it. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to
the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other...
241
241
Nov 27, 2012
11/12
by
CNBC
tv
eye 241
favorite 0
quote 0
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
190
190
Nov 24, 2012
11/12
by
CNNW
tv
eye 190
favorite 0
quote 0
i'm not done hammering away at the fiscal cliff. it is still the most immediate threat to the country's financial well-being and i will not stop until there's a deal signed on the dotted line. but today i'm going to venture beyond that cliff and look at the possibility of an economic renaissance. one of the brightest rays of sunshine, what i've been calling the golden lining on that storm cloud is the housing market. this week we got even more encouraging news. existing home sales rose more than 2% in october after sagging earlier in the year. they are trending higher. now with sales of homes picking up, the number of homes on the market, the inventory, is falling. inventory, look at that. this is all the way back from december of 2002. this is for the last ten years. inventory is at its lowest level since december of 2002. and that low inventory is putting upward pressure on home prices. the median sales price, that is the price at which half of all homes sold for more and half sold for less. it's not an average. the median home pr
i'm not done hammering away at the fiscal cliff. it is still the most immediate threat to the country's financial well-being and i will not stop until there's a deal signed on the dotted line. but today i'm going to venture beyond that cliff and look at the possibility of an economic renaissance. one of the brightest rays of sunshine, what i've been calling the golden lining on that storm cloud is the housing market. this week we got even more encouraging news. existing home sales rose more...
336
336
Nov 21, 2012
11/12
by
KCSM
tv
eye 336
favorite 0
quote 0
he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to a slowdown in the global economy and tensions over disputed islands with china. finance ministry officials released preliminary figures shortly before the financial markets opened. last month's deficit came to about $6.7 billion. exports fell by 6.5% from a year earlier. that's in yen terms. japan's exports have fallen for five months in a row. cars and steal led the drop last month. imports also fell by 1.6% from a year earlier. now, by destination europe tumbled by 20% as the region's debt crisis continues to dampen demand. exports to china fell by over 11.5% and anti-japan sentiment dented demand for japanese goods. now let's get a check on the markets. on the tokyo foreign exchange, the dollar is gaining ground against the yen hitt
he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to a slowdown in the global economy and tensions over disputed islands with china. finance ministry officials released preliminary figures shortly before the financial markets...
47
47
Nov 21, 2012
11/12
by
CNBC
tv
eye 47
favorite 0
quote 0
>> the fiscal cliff? >> reporter: cliff. what is the fiscal cliff? >> i have no idea. >> reporter: so it's a bad thing? >> not necessarily. >> that's the budget. it ends january 1. am i right? and we're just all going to collapse. >> reporter: you're happy about it. >> fiscal cliff. it is broken down into i saw jim cramer's episode about it. >> somebody knew more on it. i did run into two chicago bears fans who didn't have much to say about fiscal cliff but plenty to say about the loss to the 49ers. >> americans have got to get with the program. >> i think a couple of those guys were -- >> maybe americans are smarter. maybe they are like it is not going to happen. i'm just trying to pay my bills. >> that's it. >> lalalalala. like that. have a great thanksgiving. see you next week. >> you, too. >>> you got to know when to hold them and fold them. we have the final word on stocks with 52-week highs. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with pos
>> the fiscal cliff? >> reporter: cliff. what is the fiscal cliff? >> i have no idea. >> reporter: so it's a bad thing? >> not necessarily. >> that's the budget. it ends january 1. am i right? and we're just all going to collapse. >> reporter: you're happy about it. >> fiscal cliff. it is broken down into i saw jim cramer's episode about it. >> somebody knew more on it. i did run into two chicago bears fans who didn't have much to say about...
221
221
Nov 29, 2012
11/12
by
CNBC
tv
eye 221
favorite 0
quote 0
is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous uncertainty. and for the record, i don't think the uncertainty is necessarily going to melt away, whether we get a fiscal cliff deal or not. what i do think we're starting to see is you have the largers economies in the developed world, all throughout europe, and japan, during sandy, a lot of what happened tot the bank of japan, you have central bans that are going to work with governments. chairman bernanke hasn't even commented on it himself, that there's an incentives to weaken their currency. they're going to own stocks to protect that. >>
is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous...
156
156
Nov 25, 2012
11/12
by
CNNW
tv
eye 156
favorite 0
quote 0
i am not done hammering away at the fiscal cliff. it is still an immediate threat to the country's well-being and i will not stop until it is worked out. today i'm looking at the possibility of a renaissance, what i've been calling a golden lining on that storm cloud is the housing market. this week we got more encouraging news. existing home sales rose more than 2% in october after sagging earlier in the year. they are trending higher. now, with sales of homes picking up, the number of homes on the market, the inventory, is falling. inventory, look at that. this is all wait back from december of 2002. this is for the last ten years. inventory is at its lowest level since december of 2002. and that low inventory is putting upward pressure on home prices. the median sales price, that's the price where half of homes settled for more, half for less. the median price for existing homes, used homes, if you will, rose more than 11% in october compared to last year. $178,600 is the median price. housing starts jumped 3.6% last december. tha
i am not done hammering away at the fiscal cliff. it is still an immediate threat to the country's well-being and i will not stop until it is worked out. today i'm looking at the possibility of a renaissance, what i've been calling a golden lining on that storm cloud is the housing market. this week we got more encouraging news. existing home sales rose more than 2% in october after sagging earlier in the year. they are trending higher. now, with sales of homes picking up, the number of homes...
86
86
Nov 27, 2012
11/12
by
CSPAN
tv
eye 86
favorite 0
quote 0
in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the washington times. but as far back to our discussion this morning for all of you. going off the fiscal cliff, some democrats are saying that the possibility and wouldn't be so bad. steve, on our line for republicans, what do you think? caller: i totally agree with the caller from texas who said that we should return to the clinton era tax law. just think of that era we had. we had a budget surpluses. and we had a winning prosperity. i do not think we need to fear returning to the clinton tax law. and as the caller said from texas, the dem
in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the...
233
233
Nov 29, 2012
11/12
by
FBC
tv
eye 233
favorite 0
quote 1
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest developments on the fiscal cliff plus new taak that the fed, guess what, will continue its bond buying programs next year. for more on the markets, i'm joined by bob pavlick, chief market strategist at banyon partners. bob, thanks so much for being here. let's get to the fed issue here. so what is what i say. they will expand or continue the program of buying assets. what impact will this have if any? >> operation twist what they call it. sell short paper and buy long term bonds in order, in an effort to try to continue to keep long-term interest rates low. really what it is
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest...
147
147
Nov 21, 2012
11/12
by
FBC
tv
eye 147
favorite 0
quote 0
where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european issue is also something on the traders minds. the emergency meeting monday, we have to resolve issue with grief that will be firs first and fort on their minds into next week. david: they're never going to resolve that issue. it will never, ever happen. i don't think they will resolve it. you bring up a great point because if worst-cas worst caseo we go over the fiscal cliff and all of those tax changes expire, we will see a tripling of the dividend tax. if that happens, so many people invested right now, you said some of them might change from issuing dividends to buying back their stocks, right? >> that will be the tax efficient way people will return money, cash to shareholders. taxes on dividends are likely to go up, so that could be more efficient place. a dividend issue we have talked about before overplayed maybe an overcrowded area. lauren:
where the traders not concerned about the fiscal cliff? what went on? >> the fiscal cliff was so widely expected is becoming a non-event at this point. the market managed to eke out a gain today. the european issue is also something on the traders minds. the emergency meeting monday, we have to resolve issue with grief that will be firs first and fort on their minds into next week. david: they're never going to resolve that issue. it will never, ever happen. i don't think they will...
188
188
Nov 27, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 1
it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to
it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned...
99
99
Nov 29, 2012
11/12
by
CNBC
tv
eye 99
favorite 0
quote 0
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
147
147
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 147
favorite 0
quote 0
something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the senate. it was well-known in colonial legislature before we became a country. and it's an entry federal part of our -- entr intri gal part of our history. >> it's a fundamental power grab by the majority party. >> checks and balances that americans prize are at stake. i will do everything i can to prevent the nuclear option from being invokeed. not for sake of myself or my party. but for the sake of this great republic and its traditions. >> everyone in this chamber knows if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic
something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the...
130
130
Nov 28, 2012
11/12
by
FOXNEWSW
tv
eye 130
favorite 0
quote 0
and with the fiscal cliff starting this month. it will fix a rocky relationship with the business community. no longer do we hear the fat cat talk but we hear the urgency and what strikes me is we are hearing from people we never hear from before at businesses, including the c.e.o. of walmart or walgreens or c.v.s., the c.e.o. of walmart is saying we don't need the uncertainty and the customers don't. and c.e.o. of c.v.s. is saying to washington, dc, our american families, our customers do their own budgeting, they don't need what is coming out of washington, dc, right enjoy, but they want to know you are working on our behalf and walgreens saying the c.e.o. saying the lack of fiscal chair difficult in washington, dc, this is holding back walgreens from investing and creating jobs and creating economic pregnant for -- economic growth for the country. >>neil: i worry about those companies who could use this as a excuse for bad sales or down gravity in their stock and blame it on the fiscal cliff when it has nothing to do with that
and with the fiscal cliff starting this month. it will fix a rocky relationship with the business community. no longer do we hear the fat cat talk but we hear the urgency and what strikes me is we are hearing from people we never hear from before at businesses, including the c.e.o. of walmart or walgreens or c.v.s., the c.e.o. of walmart is saying we don't need the uncertainty and the customers don't. and c.e.o. of c.v.s. is saying to washington, dc, our american families, our customers do...
82
82
Nov 27, 2012
11/12
by
CNBC
tv
eye 82
favorite 0
quote 0
>> put numbers on the fiscal cliff. we have an economy growing between 1 and 2% a year f we go over the cliff, take three 3 to 4% out of the economy. >> resession. >> put us in recession. why think they are going to sit there and let that happen any real period of time. a question whether they solve the problem in december before they go over could it in january or february, effective january 1. >> not to be glass half empty, you heard the harry reid comment. let's not forget, a lot of these men and women in congress are the same ones there putting blame on both parties to get us to here in the first place why should we be could confident the same people that got us here will get us out of it? >> politicians by nature don't take action until they are backed in a corner with the gun to their head. right knew in the correspondent the gun's loaded. >> recessionary gun. >> resessionnary gun. we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the b
>> put numbers on the fiscal cliff. we have an economy growing between 1 and 2% a year f we go over the cliff, take three 3 to 4% out of the economy. >> resession. >> put us in recession. why think they are going to sit there and let that happen any real period of time. a question whether they solve the problem in december before they go over could it in january or february, effective january 1. >> not to be glass half empty, you heard the harry reid comment. let's not...
278
278
Nov 23, 2012
11/12
by
CNBC
tv
eye 278
favorite 0
quote 0
with the fiscal cliff. there are still a lot of concerns out there despite positive news like the improvement in german business confidence and the signs we see strengthen china as well. >> mr. skeptic, what would make you bullish in this market right now? >> bill, it's fascinating. today we talk about employment trying to turn around and we see people walking out of their jobs at walmart on the biggest day of the year. i want to see a change in total attitude in this country, not just some housing numbers, not just a blip up in employment. we've got a structural problem with our mentality. that's what it would take me to get majorly bullish on the market. >> what specifically are you talking about here? i get the employment thing but what would make this -- what structural change you talking about? i don't get what you're saying here. >> well, again, it is an attitude change. we're having people who are walking out of their jobs on the biggest day of their employer's year. and their attitude is we're not g
with the fiscal cliff. there are still a lot of concerns out there despite positive news like the improvement in german business confidence and the signs we see strengthen china as well. >> mr. skeptic, what would make you bullish in this market right now? >> bill, it's fascinating. today we talk about employment trying to turn around and we see people walking out of their jobs at walmart on the biggest day of the year. i want to see a change in total attitude in this country, not...
184
184
Nov 28, 2012
11/12
by
CNBC
tv
eye 184
favorite 0
quote 0
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
64
64
Nov 23, 2012
11/12
by
FOXNEWSW
tv
eye 64
favorite 0
quote 0
as we stare down the fiscal cliff, are your taxes going up? well, what about those taxes? >> they are going up definitely for higher income americans. if you are in the middle-class, i think it's safe to say that taxes will not go up because politicians on both sides. president, democrats and republicans are not going to allow that to happen. >> greta: unless they put a cap on deductions which is sneaky way they raise war taxes. so tax rates don't change but they get rid of some of your deductions. >> some the proposals is to cap deductions say at $50,000 a year. your home mortgage interest deduction, your ira deduction or even $25,000. both of those would raise, first one would raise about $750 billion, second one $1.2 trillion. let me say this -- most people do not pay that. most do that pay way under, probably 95 plus percent. >> it's a fraud over ten years, when they look at ten years, we're going to have one or two different presidents. that is numbers snu mbers? >> anybody that is looking at ten-year horizon is crazy. but the budget law requires them to do it. i agre
as we stare down the fiscal cliff, are your taxes going up? well, what about those taxes? >> they are going up definitely for higher income americans. if you are in the middle-class, i think it's safe to say that taxes will not go up because politicians on both sides. president, democrats and republicans are not going to allow that to happen. >> greta: unless they put a cap on deductions which is sneaky way they raise war taxes. so tax rates don't change but they get rid of some of...
317
317
Nov 21, 2012
11/12
by
CNBC
tv
eye 317
favorite 0
quote 0
things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested yesterday. profits that add up to about $276 million. that from insider trading, says the government. joining us now, richard harwell, who presided over the trial, judge, you know, of course, many people are focused as they should be, on steven cohen. the man who founded sac. 9 billion of the assets are his. there are calls between mr. mar toe ma and cohen that the government tells us have taken place. we assume it's mr. cohen judging from the hedge fund's leader, founder, owner. what is the government in your opinion going to do here if t
things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested...
146
146
Nov 29, 2012
11/12
by
FBC
tv
eye 146
favorite 0
quote 0
house speaker banner expressed his feelings on the fiscal cliff. we are talking budgets and essential programs. how is the state of utah handling all of this wow it is day four. we welcome utah governor in a fox business exclusive. welcome, governor. we begin by asking all of our governors, what are you doing? what action are you taking in advance? >> well, we have done what is proper and prudent. we live within our means. we do not have unnecessary debt. we have a rainy day surplus funds. that helps insulate us against some of the ups and downs of the market place nationally. our unemployment rate has dropped to 5.2. we are creating jobs. we are growing wealth in the private sector. our personal income is going up also. we are doing things that they ought to be doing in washington, d.c. liz: in the next three weeks, as you have meetings with your staff, you tell me, we talked about, for example, they have to prepare two separate budgets. how are you expected to be affected if, for example, 30% of your budget comes from federal funding, what if tha
house speaker banner expressed his feelings on the fiscal cliff. we are talking budgets and essential programs. how is the state of utah handling all of this wow it is day four. we welcome utah governor in a fox business exclusive. welcome, governor. we begin by asking all of our governors, what are you doing? what action are you taking in advance? >> well, we have done what is proper and prudent. we live within our means. we do not have unnecessary debt. we have a rainy day surplus...
163
163
Nov 27, 2012
11/12
by
CNBC
tv
eye 163
favorite 0
quote 0
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
36
36
Nov 29, 2012
11/12
by
CNBC
tv
eye 36
favorite 0
quote 0
from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at least one-third of that onshore. th
from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there...
111
111
Nov 26, 2012
11/12
by
CNBC
tv
eye 111
favorite 0
quote 0
they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on average, very few americans actually pay their official tax rate. >> that's right. we're going to get into this a lot more on "street signs." people can read it on cnbc.com today. the other important point to make on this, it is just not a lot of money and it is not a lot of people. it is sort of a minor problem in the grand scheme of the economy. it is really about .1% of the taxpayers and it's maybe $5 billion to $10 billion a year. relative to a $1 trillion deficit -- not saying it's nothing, but it's just such a tiny amount -- >> people at his income l
they're worried about the fiscal cliff. their taxes are going to go up so the heavy lifters in this economy, which are the affluent, aren't going to spend this year. that's bad. >> talk about warren buffett, always willing to stir the pot. op-ed in the "new york times" this morning, he says that the rich pay a lower tax rate on their incomes than the middle class does. it's a point he's made before. as robert frank points out, what mr. buffett does not mention is that, on...
120
120
Nov 29, 2012
11/12
by
CSPAN
tv
eye 120
favorite 0
quote 0
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
101
101
Nov 29, 2012
11/12
by
FBC
tv
eye 101
favorite 0
quote 0
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
35
35
tv
eye 35
favorite 0
quote 0
growth for russia considering everything we've said about oil prices fiscal cliff except. maiden see car there's a lot of might be accelerated in the future interesting year of near future taken in consideration all restraints on political and economic issues so i would expect something similar or even slower for the next year we're going with three and a half percent g.d.p. growth next year we take the view that as you noted the central bank has learned a lot of lessons finance ministry from two thousand and eight of much more flexible currency policy. see free floating against the oil price now which text about just within the budget has enough resources you know to keep kind of current spending in place and that that budget spending can kind of keep the domestic story but you know within a narrow range it also of course handcuffs it means that without reforms most major changes we can't even think about four to five percent g.d.p. growth again but we can look at three three now for the next couple of years three in three and a half not bad in the good really bad but i t
growth for russia considering everything we've said about oil prices fiscal cliff except. maiden see car there's a lot of might be accelerated in the future interesting year of near future taken in consideration all restraints on political and economic issues so i would expect something similar or even slower for the next year we're going with three and a half percent g.d.p. growth next year we take the view that as you noted the central bank has learned a lot of lessons finance ministry from...
226
226
Nov 23, 2012
11/12
by
FBC
tv
eye 226
favorite 0
quote 0
i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had a nice turnaround. how did that happen? >> new merchants and new merchandize. they lost track of who the customer was and what the customer wanted. [talking over each other] >> you and the average american consumer, average all-american styles. people like color optimism, gap have that again. tracy: also like limited brands, we heard lauren simonetti say the victoria's secret, what interests me in the mall is cygnets jeweler's, people are going to the mall to buy a diamond earrings? >> today isn't so much a jewelery shopping day. it is a little bit
i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had...
197
197
Nov 27, 2012
11/12
by
FOXNEWSW
tv
eye 197
favorite 0
quote 0
even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. >> bret: republicans are already looking ahead to the next election. in 2014. they are trying to do something about the low numbers with hispanics. correspondent doug mckelway on the first steps this week. >> clearly
even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ?...
53
53
Nov 29, 2012
11/12
by
CNBC
tv
eye 53
favorite 0
quote 0
so i'm actually not going to talk about the fiscal cliff. i'm really here to talk about why men and women are investing differently, if that's all right. >> okay. so how are they investing differently, alexandra? >> our study is incredibly interesting. it is looking at millionaire men versus millionaire women. so what we found is women are investing more conservativively. so where they put their money for the past 12 months is cds and cash equivalents, individual bonds, and third is individual stocks. men are looking -- so twice as likely to want to get the best return. women are twice as likely to want to have a holistic financial plan. >> what i find really ironic in some of your findings here is that even though, as you just said, women often get the better return -- the men still feel wealthier. why is that? >> exactly. so men -- i mean the interesting thing is we looked at millionaires and men and women who had exactly the same amount of money, 80% of the men felt wealthy, 60% of the women. so i think what we're really finding here is t
so i'm actually not going to talk about the fiscal cliff. i'm really here to talk about why men and women are investing differently, if that's all right. >> okay. so how are they investing differently, alexandra? >> our study is incredibly interesting. it is looking at millionaire men versus millionaire women. so what we found is women are investing more conservativively. so where they put their money for the past 12 months is cds and cash equivalents, individual bonds, and third is...
160
160
Nov 26, 2012
11/12
by
FBC
tv
eye 160
favorite 0
quote 0
on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works o to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion, for next year, in deficit and our national debt is now over $16 trillion, and everybody knows that, i don't need to write that down. and, the president's big plan, he wants -- wants $1.6 trillion in new taxes. and here's how he wants to get there. first he wants to raise 8$849 billion over ten years by allowing the bush tax cuts, here they go... away. on the 31st of december, this year. they'll expire for households with incomes more than $250,000, $849 billion, includes $206 billion, of higher taxes on dividends
on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works o to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work...
319
319
Nov 25, 2012
11/12
by
CNNW
tv
eye 319
favorite 0
quote 1
tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
136
136
Nov 27, 2012
11/12
by
FBC
tv
eye 136
favorite 0
quote 0
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
288
288
Nov 21, 2012
11/12
by
FBC
tv
eye 288
favorite 0
quote 0
fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as
fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might...
105
105
Nov 21, 2012
11/12
by
FBC
tv
eye 105
favorite 0
quote 0
the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out, no true sign of relief for the euro sign. anything across the pond you're watching right now? >> monday we will see the euro central bank and the imf will hold hands together and say we will extend another two years, that will be it. also, spain sitting in the background, they are not doing anything. are they waiting for their fiscal cliff? one of the places we're looking at, japan. there is an election coming up in the middle of december. what we are seeing is the japanese yen devaluing. one of the things we need for their economy is exports. they have been horrible. look at electronics companies right now, they
the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out, no true sign of relief for the euro sign. anything across the...
143
143
Nov 21, 2012
11/12
by
CSPAN
tv
eye 143
favorite 0
quote 1
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
287
287
Nov 28, 2012
11/12
by
CNBC
tv
eye 287
favorite 0
quote 0
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...